{"id":23330,"date":"2023-05-04T21:53:51","date_gmt":"2023-05-05T01:53:51","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=23330"},"modified":"2023-05-04T21:53:51","modified_gmt":"2023-05-05T01:53:51","slug":"by-the-numbers-how-much-you-have-to-invest-to-become-a-memecoin-millionaire","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/05\/04\/by-the-numbers-how-much-you-have-to-invest-to-become-a-memecoin-millionaire\/","title":{"rendered":"By The Numbers: How Much You Have To Invest To Become A Memecoin Millionaire"},"content":{"rendered":"

The total market capitalization for the memecoin sector reached $19 billion in the past weeks; the launch of PEPE, WOJAK, and others have attracted new participants to the market. As a result, these assets have experienced a massive surge in value and trading volume. <\/strong><\/p>\n

Over the last 24 hours, memecoin PEPE saw a 53% profit while WOJAK, AIDOGE, have experienced rallies of over 20%. Over the past week, PEPE alone saw a 629% profit while WOJAK recorded a 972% profit increasing the euphoria around these assets.<\/p>\n

Memecoin Fever Triggers Euphoria<\/h2>\n

The increase in the price of the memecoin sector has seen traders betting a large portion of their capital in the hopes of turning into millionaires overnight. Some achieved this goal by investing as little as $20 before the memecoin explosion.<\/p>\n

$27 $pepe<\/a> wallet update:<\/p>\n

Now worth $4,240,471.20 pic.twitter.com\/jsA4BIRSms<\/a><\/p>\n

\u2014 borovik.eth (@3orovik) May 4, 2023<\/a><\/p>\n\n

One investor put $27 into PEPE and turned the capital into over $4 million in a few weeks as the token entered price discovery. Crypto is no stranger to these stories, but new data from Coingecko is trying to shine a bigger light on this phenomenon.<\/p>\n

The analysis team behind Coingecko attempted to reply to the following question: How much money do you need to be a Meme Coin Millionaire? On average, and taking into consideration the current trending coins (PEPE, BONK, AIDOGE), and the classic memecoins (DOGE, SHIB, Baby Doge), the study concluded<\/a>:<\/p>\n

An investor would have needed $66,298.25 on average to become a meme coin millionaire, according to an analysis of 10 meme coin price returns. To reach $1 million in meme coin holdings, the minimum initial investment that is needed ranges from $11.87 for Shiba Inu, to $190,585.57 for ArbDoge AI (AIDOGE).<\/p>\n

As seen in the chart below, AIDOGE, WOJAK, and PEPE, needed the highest initial capital to reach millionaire status. As seen in the chart below, ArbDoge AI (AIDOGE) required a $190,000 investment if buying them in 2023, while classical Shiba Inu (SHIB) and Dogecoin (DOGE) needed $820 if buying in 2022 and 2013, respectively.<\/p>\n

How To Find The Next PEPE, WOJAK, AIDOGE?<\/p>\n

As these assets become mainstream, it is harder for early investors to see a higher investment return. As the chart shows, earlier investors in classical memecoins needed much less capital to reach millionaire status but much more time.<\/p>\n

In order to achieve millionaire status, an early Dogecoin investor needed 2,701 days or 7 years, while a Bonk investor needed but a week. Thus, there is an inverse correlation between initial capital and the take it would take investors to become a millionaire with these assets. Coingecko concluded:<\/p>\n

For the 2023 meme coins in particular, it is likely that Pepe, ArbDoge AI, Wojak and Ignore Fud will subsequently surpass their current all-time highs. Although they might take longer to reach higher prices, it also means that a lower initial investment is needed to become that meme coin\u2019s millionaire.<\/p>\n

In the crypto industry, trends, and sectors can lose popularity and gain overnight. In that sense, finding the \u201cnext big thing\u201d is challenging.<\/p>\n

However, Coingecko recommends that users leverage decentralized exchange (DEX) trackers<\/a> to monitor the tokens experiencing a surge in their trading volume\/price. These assets are the most likely to see an uptick in their market cap and popularity, hinting at a potential bull run.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

The total market capitalization for the memecoin sector reached $19 billion in the past weeks; the launch of PEPE, WOJAK, and others have attracted new participants to the market. As a result, these assets have experienced a massive surge in value and trading volume. <\/strong><\/p>\n

Over the last 24 hours, memecoin PEPE saw a 53% profit while WOJAK, AIDOGE, have experienced rallies of over 20%. Over the past week, PEPE alone saw a 629% profit while WOJAK recorded a 972% profit increasing the euphoria around these assets.<\/p>\n

Memecoin Fever Triggers Euphoria<\/h2>\n

The increase in the price of the memecoin sector has seen traders betting a large portion of their capital in the hopes of turning into millionaires overnight. Some achieved this goal by investing as little as $20 before the memecoin explosion.<\/p>\n

$27 $pepe<\/a> wallet update:<\/p>\n

Now worth $4,240,471.20 pic.twitter.com\/jsA4BIRSms<\/a><\/p>\n

\u2014 borovik.eth (@3orovik) May 4, 2023<\/a><\/p>\n

One investor put $27 into PEPE and turned the capital into over $4 million in a few weeks as the token entered price discovery. Crypto is no stranger to these stories, but new data from Coingecko is trying to shine a bigger light on this phenomenon.<\/p>\n

The analysis team behind Coingecko attempted to reply to the following question: How much money do you need to be a Meme Coin Millionaire? On average, and taking into consideration the current trending coins (PEPE, BONK, AIDOGE), and the classic memecoins (DOGE, SHIB, Baby Doge), the study concluded<\/a>:<\/p>\n

An investor would have needed $66,298.25 on average to become a meme coin millionaire, according to an analysis of 10 meme coin price returns. To reach $1 million in meme coin holdings, the minimum initial investment that is needed ranges from $11.87 for Shiba Inu, to $190,585.57 for ArbDoge AI (AIDOGE).<\/p>\n

As seen in the chart below, AIDOGE, WOJAK, and PEPE, needed the highest initial capital to reach millionaire status. As seen in the chart below, ArbDoge AI (AIDOGE) required a $190,000 investment if buying them in 2023, while classical Shiba Inu (SHIB) and Dogecoin (DOGE) needed $820 if buying in 2022 and 2013, respectively.<\/p>\n

How To Find The Next PEPE, WOJAK, AIDOGE?<\/p>\n

As these assets become mainstream, it is harder for early investors to see a higher investment return. As the chart shows, earlier investors in classical memecoins needed much less capital to reach millionaire status but much more time.<\/p>\n

In order to achieve millionaire status, an early Dogecoin investor needed 2,701 days or 7 years, while a Bonk investor needed but a week. Thus, there is an inverse correlation between initial capital and the take it would take investors to become a millionaire with these assets. Coingecko concluded:<\/p>\n

For the 2023 meme coins in particular, it is likely that Pepe, ArbDoge AI, Wojak and Ignore Fud will subsequently surpass their current all-time highs. Although they might take longer to reach higher prices, it also means that a lower initial investment is needed to become that meme coin\u2019s millionaire.<\/p>\n

In the crypto industry, trends, and sectors can lose popularity and gain overnight. In that sense, finding the \u201cnext big thing\u201d is challenging.<\/p>\n

However, Coingecko recommends that users leverage decentralized exchange (DEX) trackers<\/a> to monitor the tokens experiencing a surge in their trading volume\/price. These assets are the most likely to see an uptick in their market cap and popularity, hinting at a potential bull run.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-23330","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/23330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=23330"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/23330\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=23330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=23330"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=23330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}